3.57 Acres in Lecanto, FL - $4,250,000

This prime multi-parcel land development opportunity is located in the Central Ridge District of Citrus County, Florida, strategically positioned within the region’s largest national retail hub expansion. Surrounded by major retailers such as Target, ALDI, Walmart, McDonald’s, Panda Express, Texas Roadhouse, Panera, and Starbucks, the site benefits from strong retail synergy and high consumer traffic, making it an attractive investment for commercial developers. The property consists of three parcels totaling 3.57 acres: Lot 19 (1.24 acres, 150’ x 350’ corner lot), Lot 20 (1.24 acres, 150’ x 350’), and Lot 21 (1.09 acres, 215’ x 350’). It has direct access to county utilities, including sewer, and is zoned under the PSO Commercial district (Citrus County Ch. 2 LDC), allowing for 70% lot coverage and a variety of permitted uses such as professional and medical offices, emergency rooms, regional hospitals, retail, dine-in and drive-thru restaurants, hospitality, pharmacies, medical marijuana treatment centers, assisted living facilities, and multifamily developments of up to 10 units per acre. Located at the northwest corner of CR 486/W Norvell Bryant Hwy and N Crookedbranch Drive, the property offers over 510 feet of prime frontage with full ingress and egress via a median cut, ensuring seamless traffic flow and high visibility. It is just two parcels from the major intersection of CR 486 and CR 491, providing direct access to key regional traffic patterns and national retail clustering. Within a five-mile radius, the property is surrounded by premier residential communities, including Black Diamond Ranch, Citrus Hills, and Terra Vista, featuring a PGA-rated golf course and the highest residential density in a single community. The area serves a consumer population of 66,966 residents within a 15-minute drive, with a median age of 60, reflecting strong demand for retail, services, and medical facilities.